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Overview
Steven Hsu is a partner in the Corporate Department of Paul Hastings and is based in the Hong Kong office.
Steven's practice focuses on corporate finance and capital markets transactions, including initial public offerings (IPO) in Hong Kong and the U.S., dual primary and secondary listings, and rights offerings. He has advised on some of the most high-profile IPOs of leading Chinese companies, with a particularly strong track record in sectors such as technology, financial services, consumer goods, life sciences, real estate and infrastructure. Steven is also highly experienced in advising listed companies on corporate governance and regulatory compliance matters. He was recognized as a "Rising Star of the Year" by IFLR Asia Pacific Awards in 2019.
Steven is a native Mandarin speaker and is fluent in English.
Recognitions
- IFLR Asia Pacific Awards, Rising Star of the Year (2019)
- Rising Star in International Law Firms ‐ China Business Law Journal 2023
Education
- Fordham University School of Law, J.D., 2010
- Boston University School of Law, LL.M., 2006
- National Chengchi University, LL.B., 2005
Representations
- CICC as the sole sponsor, the sole overall coordinator, CICC, China Galaxy International Securities, Huatai Financial Holdings, Guotai Junan Securities and CCB International as the joint global coordinators, the joint bookrunners and the joint lead managers, and other underwriters, on the US$300 million global offering and listing of H-shares of Mao Geping Cosmetics, a leading Chinese premium beauty group, on the Main Board of the Hong Kong Stock Exchange.
- UBS Securities, BOCI Asia, CITIC Securities, and Merrill Lynch (Asia Pacific) as the joint sponsors and other underwriters on the US$650 million global offering and listing of China Resources Beverage, a leading soft beverage company based in China under CR Group, on the Main Board of the Hong Kong Stock Exchange. This is one of the largest IPOs in Hong Kong in 2024.
- BNP Paribas and CMB International as the joint sponsors, overall coordinators, joint global coordinators, joint bookrunners, and joint lead managers, and Futu Securities and others as the joint lead managers, on the HK$750 million global offering and listing of Carote Ltd, a global brand for kitchenware products based in China, on the Main Board of the Hong Kong Stock Exchange.
- CITIC Securities and Haitong International Capital Limited, as the joint sponsors, CLSA and Haitong International, as the overall coordinators, and other underwriters, on the HK$153 million global offering and listing of Autostreets Development Limited, the China’s largest used vehicle transaction service provider in terms of transaction volume in 2022, on the Main Board of the Hong Kong Stock Exchange.
- CICC, Huatai Financial Holdings, and ABCI Capital as the joint sponsors, sponsor-overall coordinators, overall coordinators, and joint global coordinators on the US$134 million global offering and listing of Chenqi Technology, a mobility service company in China primarily offering ride-hailing services, on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$1.8 billion Hong Kong primary listing and U.S. SEC-registered offering of XPeng Inc., the first smart electric vehicle producer to complete a dual primary listing in Hong Kong and the U.S.
- Sponsors/underwriters on the US$72.7 million Hong Kong IPO and U.S. SEC-registered offering of Miniso. It marked the first consumer and retail company to have completed a dual primary listing in Hong Kong.
- Sponsors/underwriters on the US$1.27 billion Hong Kong secondary listing and U.S. SEC-registered offering of ZTO Express, a leading express delivery company in China.
- Sponsors/underwriters on HK$1 billion global offering of ANE (Cayman) Inc., a leading express freight network operator in China’s less-than-truckload market, and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$424 million initial public offering of Ganfeng Lithium, the world’s leading lithium ecological enterprise, and its listing on the Main Board of the Hong Kong Stock Exchange.
- Underwriters on the US$100 million NASDAQ listing of 111, Inc., a leading digital and mobile healthcare platform in China.
- Nongfu Spring, a leader in China’s packaged drinking water and beverage segment, on its US$1.08 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange.
- Yum China, the largest restaurant company in China in terms of system sales, on the voluntary conversion of its secondary listing status to a primary listing status on the Main Board of the Hong Kong Stock Exchange.
- Baozun Inc., a leader and pioneer in the brand e-commerce service industry in China, on the voluntary conversion of its secondary listing status to a primary listing status on the Main Board of the Hong Kong Stock Exchange.
- China Feihe, China’s largest and best-known infant milk formula maker, on its US$856 million global offering and listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$1.38 billion initial public offering of Tigermed, a leading clinical contract research organization in China, and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$791 million initial public offering of Ming Yuan Cloud, a leading ERP solutions and SaaS products provider for real estate industry participants in China, and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$329 million initial public offering of China Merchants Commercial REIT, which owns and invests primarily in high quality income-generating commercial properties in China, and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$1.5 billion initial public offering of China Merchants Securities, a leading securities firm in China, and its listing on the Main Board of the Hong Kong Stock Exchange.
- China Tower on its US$6.9 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange. It marked one of the world’s largest IPOs in 2018.
- Guotai Junan Securities on its US$2.1 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange. It marked the largest Hong Kong IPO in 2017.
- China Huarong Asset Management on its US$2.3 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange. It marked the third-largest Hong Kong IPO in 2015.
- China Everbright Bank on its US$3 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange. It marked the largest Hong Kong IPO in 2013.
- Jintian Pharmaceutical Group Limited on its HK$2.1 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the HK$1.2 billion initial public offering of Hengshi Mining Investments Limited and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$1.4 billion initial public offering of Shengjing Bankand its listing on the Main Board of the Hong Kong Stock Exchange.
- BOCOM International on its HK$2.1 billion global offering and listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the HK$1.176 billion initial public offering of Inner Mongolia Energy Engineering Co., Ltd, and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$422 million initial public offering of Jinshang Bank and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the HK$1.18 billion initial public offering of Changsha Broad Homes Industrial Group Co., Ltd. and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the HK$94.6 billion initial public offering of Evergrande Property Services and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the US$600 million initial public offering of Fosun Pharma and its listing on the Main Board of the Hong Kong Stock Exchange.
- Sponsors/underwriters on the HK$13.8 billion initial public offering of China Energy Engineering Group Co. Ltd. and its listing on the Main Board of the Hong Kong Stock Exchange.
- Morgan Stanley, CICC and China Securities International as underwriters on the HK$820.3 million global offering and listing of Shiyue Daotian Group Co., Ltd., a leading and rapidly growing pantry staple food company in China, on the Main Board of the Hong Kong Stock Exchange.
- Morgan Stanley and CICC as the joint sponsors on the HK$238.9 million global offering and listing of Beisen, the largest provider of cloud-based human capital management (HCM) solutions in China in terms of revenues in 2021, on the Main Board of the Hong Kong Stock Exchange.
- Morgan Stanley and Huatai Securities (USA) as underwriters on the US$52.7 million public offering of Super Hi International Holding Ltd., a leading Chinese cuisine restaurant brand, operating Haidilao hot pot restaurants in the international market, on the Nasdaq Global Market, making it the first high-profile company to list first in Hong Kong and then in the United States in recent years.
Involvement
- Hong Kong Registered Foreign Lawyer (USA)
- New York Bar